February 2017 Finance Report

Here be all my finances for February. I spent most of the month living in Las Palmas de Gran Canaria, and also spent a week in nearby Tenerife and five days in Prague.

Summary

Total Income € 4,380
$ 4,616
Total Expenses € 3,656
$ 3,853
Profit/Loss € 724
$ 763

Income

Freelance web development 1 € 2,464 $ 2,596
30DBC 2 € 1,423 $ 1,500
3M1K 3 € 280 $ 295
Cheap Flight Checklist 4 € 183 $ 193
Book sales (via Amazon) 5 € 21 $ 23
Book sales (via ndoherty.com) 6 € 9 $ 10
Total Income € 4,380
$ 4,616
Last Month € 2,828 $ 3,048

I was aiming to pull in at least $5k in February and ended up not far off. As mentioned though, $1,500 of that income will have to be refunded in March, which means I really only pulled in a little over $3k in February.

Expenses

Food & Drink

Eating out € 181 $ 191
Groceries € 225 $ 237
7 Total
€ 406
$ 428
Last Month € 375 $ 404

Housing & Utilities 8

4 nights at Prague AirBnB 9 € 135 $ 142
Cleaner for Las Palmas apartment 10 € 30 $ 32
Total € 165
$ 174
Last Month € 813 $ 876

Health Care 11

Symbioram 12 € 11 $ 12
Total € 12
$ 12
Last Month € 0 $ 0

Travel & Transport

Flights: Gran Canaria (LPA) to Prague (PRG) round-trip 13 € 429 $ 452
Rental cars (including fuel) 14 € 184 $ 194
Flights: Gran Canaria (LPA) to Porto (OPO) one-way 15 € 91 $ 96
Prague metro € 8 $ 8
Buses in Gran Canaria € 8 $ 8
Taxis in Las Palmas € 5 $ 5
Total € 725
$ 764
Last Month € 98 $ 106

Business Expenses

MacBook Pro 16 € 1,289 $ 1,358
ActiveCampaign mailing list software 17 € 398 $ 419
Outsourcing 18 € 102 $ 107
Cheap Flight Checklist expenses 19 € 68 $ 72
MacBook Pro 1-year warranty 20 € 49 $ 52
Domain renewals € 31 $ 33
PayPal fees € 16 $ 17
TransferWise fees 21 € 16 $ 17
AIB government stamp duty 22 € 12 $ 13
Phone credit € 10 $ 11
Virtual Post Mail 23 € 9 $ 10
Skype credit € 9 $ 10
aText 24 € 5 $ 5
Google Drive storage (100GB) € 2 $ 2
Amazon Web Services (more storage) € 2 $ 2
Gumroad fees 25 € 1 $ 1
Total € 2,019
$ 2,128
Last Month € 1,882 $ 2,029

Gifts & Donations

Flowers 26 € 20 $ 21
Booze for the Wolfhouse 27 € 7 $ 7
Busker in Masca (Tenerife) € 2 $ 2
Total € 29
$ 30
Last Month € 3 $ 3

Books 28

Snow Crash ** 29 € 10 $ 11
The Stranger ***** 30 € 9 $ 10
Total € 19
$ 20
Last Month € 40 $ 43

Clothing

Gloves 31 € 2 $ 2
Total € 2
$ 2
Last Month € 2 $ 2

Miscellaneous Expenses

Spanish lessons 32 € 147 $ 155
Siam Park 33 € 37 $ 39
Prague National Gallery 34 € 22 $ 23
Czech Vodafone SIM 35 € 19 $ 20
Lost bet 36 € 15 $ 16
Prague Walking Tour 37 € 11 $ 12
Netflix subscription € 10 $ 11
Entry to Prague tower € 8 $ 8
Head torch 38 € 7 $ 7
Toiletries € 2 $ 2
Monthly banking fee (Dutch bank) € 1 $ 1
Public toilets € 1 $ 1
Total € 280
$ 295
Last Month € 283 $ 305

Expense Summary

Business Expenses € 2,019 $ 2,128
Travel & Transport € 725 $ 764
Food & Drink € 406 $ 428
Miscellaneous Expenses € 280 $ 295
Housing & Utilities € 165 $ 174
Gifts & Donations € 29 $ 30
Books € 19 $ 20
Health Care € 11 $ 12
Clothing € 2 $ 2
Total Expenses € 3,656
$ 3,853
Last Month € 3,496 $ 3,768

I was aiming to keep my expenses under $2.5k for the month so I failed miserably there. I didn’t account for purchasing that new laptop, and traveling to Prague on a romantic whim wasn’t exactly cheap.

Biggest Regret?

Definitely my biggest regret is that $6k freelance video project that I’ve had to bail on. I regret taking it on in the first place and wasting so much of the client’s time and mine, and for ultimately disappointing them and leaving them reeling to find a replacement for me.

Where That Leaves Me

I had €9,582/$10,329 to my name at the end of January.

Taking into account all my February income and expenditure, and the most recent exchange rates – I have accounts in EUR, HKD and USD – my total bank and cash balances now work out to €10,169/$10,716. 39

Outlook For March

Well I owe that client I bailed on a $3k refund, so that puts me $3k in the red right out of the gate :-/

Fortunately I don’t have any other big expenses looming. I’ll be traveling in Portugal and Spain for a couple of weeks mid-month, so there will be some cost involved there (accommodation, car rental, etc.), but that trip also means I won’t be paying rent in Gran Canaria for two weeks. All told, I should be able to keep all my other expenses under $2k for the month.

As for income, I’ve already got $1,300 on the books, and I’m hoping some things I’m working on for 3M1K will boost sales there later in the month. I’ll aim for at least $2.5k total.

Feedback Welcome

Thoughts? Questions? Speak up in the comments below.

Archived Finance Reports

I’ve been posting these monthly finance reports since January, 2011. You can view all my old reports via this page.

Curious as to how I track everything I earn and spend? Check this video…

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